Top News

Foxconn denies China iPhone plant hit by strike — (Reuters) - Foxconn, the Taiwanese made-to-order electronics giant that assembles Apple Inc's products, denied reports that a plant in China was crippled by a strike, saying on Saturday that its production is on schedule at an important time for Apple.

Why Zynga Failed — The year was 2008 and Zynga had it all figured out. Facebook became a portal to games for those who had never played. Viral growth there was unchecked. Facebook ad rates were low, so buying traffic was cheap. And most games were played on the desktop.

Dick Costolo of Twitter, an Improv Master Writing Its Script — WELCOME to the Dick Costolo Show. — The audience, le beau monde of cinema, has gathered at the Debussy Theater on this unseasonably cool May morning on the French Riviera. The event, officially the opening of the 2012 Cannes Film Festival …

Still Not Enough iPhone 5s to Go Around — If iPhone 5 sales have not yet spiked to the heights investors had hoped, it's not because of limited demand. It's due to a continuing shortfall in supply. Two weeks after its retail debut, Apple's latest iPhone continues to be difficult to come by …

Facebook to Halve Its Credit Line — There's at least one benefit to a slumping stock price: Lower taxes. — Facebook Inc. is planning to reduce a $3 billion line of credit that it received from its bankers prior to its May initial public offering to $1.5 billion, according to people with knowledge of the discussions.

Google, LG to unveil Nexus phone at the end of the month — CNET has confirmed that the phone will be a modified version of the Optimus G. Other handset manufacturers could also release their own Nexus phones as well. — LG will finally get its own Nexus smartphone based on its recently unveiled flagship Optimus G, CNET has learned.